Reliance Industries Limited announced its earnings and profit figures for the third quarter of 2019 and also made some announcements about Reliance Jio’s performance. Jio ‘eliminated’ 22 million subscribers According to published figures, Reliance Jio is now the largest telecommunications operator in the country, both in terms of subscriber base and participation in the revenue market. Replacing Vodafone-Idea from first place, Jio has announced that its total user base is now 370 million. In the third quarter of 2019, Jio added 14.8 million users during 3TF20, however, Jio says that the “removal” of 22 million subscribers also occurred during this quarter.
Reliance Jio made the statement saying that these are users with intensive voice use that are no longer in Jio’s network. To remind you, Reliance Jio began charging the interconnection usage charge a while ago and its users making calls on another network now must pay 6 paise per minute. Jio’s outbound traffic in general off-network traffic was also reduced to 48 per cent at the end of the quarter, within 2 months after IUC implementation. As other telecommunications companies still do not impose IUC charges on their clients, Jio’s decision to do so was expected to result in the loss of subscribers. However, it remains to be seen whether the decision will affect the subscriber base of long-term telecommunications companies.
In addition to the aforementioned announcements, Jio revealed that the data consumption per user per month on his network averages 11.1 GB, while the average voice consumption is 760 minutes. Jio recorded a 62.5 per cent year-on-year increase in net earnings for the last quarter that ended on December 31, 2019, equivalent to a net profit of Rs 1,350 million. The company also confirmed rumours that its JioFiber customers that were part of the initial tests are moving to paid plans